What Wallet To Use For Litecoin

3/27/2022by admin

Let’s find out more about online Litecoin wallet services. Best Litecoin Wallet: Web Wallets. Services like Coinbase and other web-based wallet services have advantages and disadvantages. A web wallet is really a type of cryptocurrency wallet that a person can access through a web browser.

  1. Litecoin is one such crypto that many are looking to buy and store in a user-friendly digital wallet that doesn’t require too much tech knowledge to get started. What Is Litecoin? More than any other cryptocurrency, litecoin has aspired to become a practical means for value transfer in the 21st century.
  2. The Uphold Litecoin wallet is both mobile and web clients. In addition to Litecoin, it supports more than 30 other digital currencies, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, and fiat currencies. Litecoin Core is the official wallet for Litecoin storage, which makes it to rank as the best Litecoin wallet.
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01.The Best Litecoin Wallets

In this sections I will be listing what I consider to be the best LTC wallets that are currently available. As you can see, each wallet is listed with its functions, features and characteristics so that you can use that information and decide on your pick. In case you would like to have more information about them, you can go ahead and check their reviews.

TypeNameCompatibilitySupported CoinsFeaturesGet Wallet
Desktop WalletsFull Litecoin Core Client Review
  • Windows
  • Linux
  • Mac

LTC Only

– HD Wallet

– SegWit Support

– Block Production

Download
Full Exodus Review
  • Windows
  • Linux
  • Mac
  • Google Play
  • App Store

25 Coins

79 Tokens

– Built-in Exchange

– HD Wallet

– SegWit Support

Download
Hardware WalletsFull Ledger Nano S Review
  • Windows
  • Linux
  • Mac
  • Google Play
  • App Store

80+ Coins

1100+ Tokens

– HD Wallet

– SegWit Support

– Open source

See Pricing
Full Trezor One Review
  • Windows
  • Linux
  • Mac
  • Google Play

50+ Coins

1000+ Tokens

– HD Wallet

– Offline Storage

– Third Party wallets and Service Integration

See Pricing
Mobile WalletsFull Loafwallet Review
  • Google Play
  • App Store

LTC Only

– HD Wallet

Download
Full Edge Review
  • App Store
  • Google Play

20+ Coins

1000+ Tokens

– Built-in Exchange

– SegWit support

– Node Selection

Download
Web WalletsFull Blockchain Review
  • Chrome
  • Mozilla
  • Safari
  • Opera
  • IE
  • App Store

4 Coins

1 Token

– Built-in Exchange

– HD Wallet

– Fiat Gateway

Visit Website
Full Guarda Review
  • Chrome
  • Mozilla
  • Windows
  • Linux
  • Mac
  • App Store

40+ Coins

1000+ Tokens

– Built-in Exchange

– Fiat Gateway

– Built-in Asset Swap

Visit Website

Complete List of Litecoin Wallets

In case that you did not make your pick just from the list of the best wallets for Litecoin, I have made this full list of LTC wallets. Below you will find a table with absolutely every wallet that can support the LTC coin along with all of their features and characteristics. Most people refer to them as alt wallets and most of them also have multi-coin support. Just like in the previous section, their reviews are also available for you to read through and obtain more detailed information that may help you with your choice.

NameTypeCompatibilitySupported coinsSecurityKey Features
Litecoin Core Client Desktop
  • Windows
  • Linux
  • Mac

LTC only

Passphrase

– HD Wallet

– SegWit Support

– Custom Fees

Loafwallet Mobile
  • App Store
  • Google Play

LTC Only

Pin, Fingerprint

– HD Wallet

Abra Mobile
  • App Store
  • Google Play

20+ Coins

6 Tokens

Pin

– Built-in Exchange

– Fiat Gateway

Atomic Desktop, Mobile
  • Windows
  • Linux
  • Mac
  • App Store
  • Google Play

30+ Coins

1000+ Tokens

Passphrase

– HD Wallet

– Atomic Swap

– Fiat Gateway

BitGo Web
  • Chrome
  • Mozilla
  • Safari
  • Opera
  • IE

10 Coins

180+ Tokens

Passphrase, 2FA

– HD Wallet

– SegWit Support

– Multisig

Blockchain Web, Mobile
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

4 Coins

1 Token

Passphrase, Pin, Fingerprint

– Built-in Exchange

– Fiat Gateway

Circle Invest Mobile, Web
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

11 Coins

3 Tokens

Pin, Fingerprint, 2FA

– SegWit Support

– Fiat Gateway

– Instant Bank Deposits

Coinbase Mobile, Web
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

9 Coins

6 Tokens

Pin, Passphrase, Fingerprint, 2FA

– SegWit Support

– Built-in Exchange

– Fiat Gateway

Coinpayments Mobile, Web
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

80+ Coins

1000+ Tokens

Passphrase, Pin, Fingerprint

– Fiat Gateway

– PayByName feature

– QR Scanner

Coinspace Web
  • Chrome
  • Mozilla
  • Safari
  • Opera
  • Internet Explorer

9 Coins

1000+ Tokens

Passphrase, Pin

– Built-in Exchange

– Location Based Transactions

As you can see, the list is quite long as Litecoin is a very popular altcoin in the crypto world. A very important tip I can give you for making your pick is to think about how you will be using the wallet. For example, if you are a person that is constantly on the move and needs to have immediate access to their wallet, you can either go for a mobile or hardware wallet. Let’s continue on with the common features that you can find among the LTC wallets.

02. Common Features of Litecoin Wallets

You may have noticed this already, but most of the wallets that support Litecoin also support many other cryptocurrencies which is considered as a plus as you can manage multiple types of currency from the same place. On the other hand, only one wallet from the list can operate as a full node, which will require a full blockchain history download in order to be operational, while the rest can be a light node and operate without the necessity of a full synchronization with the network.

When it comes to privacy and security, only roughly half of the wallets can give you complete access and control over your private key, while the others don’t give you access to your private keys.

Security and Privacy

Two-Factor Authentication

Almost all wallets have this function. It is an additional layer of security where for every action, you will need to input a second authentication in. Good examples are Ledger Nano X, Coolwallet S, Trezor One, etc.

Hierarchical Deterministic

Wallets that are HD, have a master key seed, from which an unlimited amount of key pairs can be created for transactions. Such representatives here are Litecoin Core, CoinSpace, Exodus, etc.

Multisignature

What wallet to use for litecoin cash

Just a few wallets can provide this extra feature, where each transaction requires multiple signatures from others in the network before it is confirmed. Some of them are Bitgo, Electrum LTC and CoinPayments.

Secure Litecoin Wallets To Consider

What wallet to use for litecoin cash

Transaction Fee Management

Depending on your choice of wallet, you will have one of the three shown below options for managing your transaction fees. In the cases where you can amend the fees, the higher it is the higher your priority in the network will be for that transaction and your wait time will be lower. The rest of the wallets do not give you such freedom and pre-determine the fees for you.

Fee ControlHow Does It Work?Supported By
Full Control With Suggested FeesThese types of wallets allow you to manually adjust your transaction fees. The transaction fee can be as low as 0.00000350 LTCLitecoin Core, Electrum-LTC, Jaxx Liberty
Partial ControlThese wallets allow you to adjust your transaction fees based on their “recommended” fees.Exodus, Trust Wallet, Guarda
No ControlThese wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee.Coinbase, CoinSpace, Infinito Wallet

03.FAQ

  • Is there a transaction minimum in Cryptonator?

    Yes, you need to send at least 0.01 LTC to broadcast a transaction in the network.

  • Are there any transaction fees in Cryptonator?

  • What are the withdrawal methods and fees in Cryptonator?

    You can withdraw with both crypto and fiat currencies (USD/EUR). Payouts proceed immediately after you request them and the fee is 1% of the amount.

  • What is Litecoin?

    If we accept that Bitcoin is the digital gold, then Litecoin must be considered the digital silver. It’s built on the same way, improving some of the issues with BTC. LTC allows faster transaction and generates blocks 4 times faster. Check out the coin’s official website.

04.About Litecoin

Litecoin was created from the base of Bitcoin and many regard it as the improved version of BTC. The aim was to make the network 4 time faster than its origin (BTC). The transactions are nearly zero-cost to be broadcasted and the fact that it is open sourced really benefits its decentralization. Most of the security that the network provides comes from the amount of hashing power protecting the system.

Wallets

Wallets allow security by using encryption. Therefore you can view transactions and your account balance, but are required a password before spending Litecoins. Litecoin wallets are available on numerous platforms including web based. One can make a distinction between types of wallets. Hot wallets (software) are connected to the internet and/or use servers of third parties. Although one has full control over the wallet, these wallets are not recommended for storing large amounts of Litecoins. Cold wallets are a better option because the private keys are stored externally on paper. Still when creating these wallets there is a (very) small likelihood that the private key is shared to the outer-world. Hardware wallets are the solution for store large amounts of Litecoins and other cryptocurrencies like Bitcoin or Ethereum. Note: Some wallets are specifically for Bitcoin. However the questions addressed are valid for Litecoin. Litecoin Core is maintained by the Litecoin Core development team. This wallet is full node and serves the Litecoin p2p network. Litecoin Core when once installed, synchronizes with the network and joins it to relay transactions. Electrum-LTC is available for Windows, Mac OS X and Linux. It is a simple but powerful Litecoin wallet. Compared to Litecoin Core the wallet requires no lengthy blockchain downloads and no syncing to the p2p network. A twelve-word security passphrase or seed is your backup. LoafWallet is the first standalone Litecoin wallet built for iOS. LoafWallet makes a direct connection to the network. Free to download in the Apple App Store. Jaxx IO offers a multi-wallet and supports many of the leading cryptocurrency platforms including Litecoin. The integration of ShapeShift is providing the exchange service for converting between bContinue reading >>

3 Best Litecoin Hardware Wallets 2017

Best Litecoin Wallets Hardware and Software Jordan Tuwiner Last updated July 13, 2017 This post will run through the best Litecoin wallets. We hope to give you enough options so you can choose the best wallet based on your needs. Hardware wallets are the best choice if you need secure storage for your litecoins. If you are an investor, a hardware wallet will probably be the easiest way to secure your litecoins. The Ledger Nano S is probably the most popular crypto hardware wallet at the time of writing. It costs about $70 and is sold by Ledger, a Bitcoin security company based in France. The Nano S supports Litecoin, Bitcoin, Ethereum and many other coins. The device creates your private keys in its secure chip and stores your keys offline away from the internet. The Nano S has a screen so it helps you verify and confirm all outgoing transactions, which provides additional security. TREZOR is very similar to the Nano S, but is sold by Satoshi Labs. TREZOR was actually the first hardware wallet to have a screen, which provides extra security. TREZOR will cost you $99 and ships from Europe. For desktop, there are two solid choices for Litecoin wallets. Electrum LTC is a fork of the Bitcoin wallet Electrum. It is available for Mac, Windows, and Linux. Electrum LTC is a blazing fast wallet that works instantly after installation. Since its used on your computer, consider it a hot wallet and dont store large amounts of bitcoins with it. If you want to use Electrum LTC for large amounts, buy a hardware wallet as mention above like the Ledger Nano S or TREZOR and use that in pair with Electrum LTC. Litecoin Core is the main full node implementation of Litecoin. It is the most private wallet and fully verifies all Litecoin transaction data, meaning you dont have to trust anyon Continue reading >>

Litecoin Core Wallet Secure?

Hi Im new to Litecoin. Can you tell me if a Litecoin core wallet is secure? I really am new to this whole world. Should i keep and trust my coins in this wallet or do something else? Litecoin Core is the reference client. This means that any and all tech running on the Litecoin Network is built upon Litecoin Core - and thus it is pretty secure. However, if you are a new users I would suggest using a lightweight wallets such as Electrum-LTC or Exodus.io . If youre on mobile, a popular lightweight wallet is: LoafWallet. These clients dont need to sync for hours, and you can retrieve all of your coins from a twelve word recovery phrase. Lightweight wallets are just as secure as Litecoin Core, if not better. For example: to steal coins from LoafWallet iOS you would have to break iOS security. The exploits needed to do this would likely cost hundreds of millions if you sold it to a Government. I dont think its worth the crime for the potentially slightly large amounts of LTC store on LoafWallet. Thank you losh11 thats very helpful. Its a brave new world in this crypto currency world. its very secure if you use the included encryption and set a passphrase is a good secure style passphraseusing multi-signature gives you up to 15 layers of encryption that needs manual signing to spend a key if you want to go that far with the securityContinue reading >>

What Wallet Should I Use To Store My Bitcoin? Litecoin? Other Coins?

Coins supported: BTC, ETH, LTC, DASH, DOGE, GNT Coins supported: BTC, ETH, ETC, LTC, DASH, DAO, REP, ZEC One of the most common and convenient ways to store your coins is through a mobile wallet that can live on your smartphone. Mobile wallets utilize the QR code function to createfast and user friendly transactions. There are many different wallets made specifically for single coin use, but there all also a number of wallets that can hold multiple types of coins to best suit your needs. Having your funds ready and available in your pocket or at your fingertips lead a lot of people to using mobile wallets fordaily use. BTC, ABN, ASIA, AUR, BATA, BLK, CCN, CDN, CLAM, CLUB, DASH, DGB, DGC, DOGE, EDR, EFL, EMC2, ETH, ETC, EXP, FTC, GCR, GRC, NLG, IXC, JBS, LTC, MONA, NMC, NVC, NEO, NOVA, NBT, NSR, OK, PKB, PEER, PSB, PIVX, POT, REDD, RICHX, RUBY, SDC, SMLY, SLR, STRAT, SYS, UNO, XVG, VERT, VPN, ZEC Another way to store your coins is through an online web wallet. Online web wallets are where you use a third party wallet to store all of your coins on the cloud. These wallets must be accessed with an internet connection. Some of the advanced security features enabled in online web wallets include things like multi sig wallets. BTC, LTC, ADC, ADCN, ADZ, BITB, BLK, BRK, BSD, CLOAK, CURE, DASH, DCR, DGC, DOGE, ETC, ETH, EXP, FTC, GAME, GCR, GLD, GRC, INSANE, LEO, LSK, MAID, MAX, MUE, NAV, NBT, NMC, NVC, NXS, NXT, OMNI, PIVX, POT, PPC, PSB, RBY, SBD, START, STEEM, SYS, TOR, UNIT, USDT, VRC, VTC, WDC, XBC, XMR, XMY, XPM< XSPEC, XZC, ZEC, LTCT Coins supported: BTC, ETH, ETC, LTC, DASH, DAO, REP, ZEC You can now also hold your coins on an actual physical device that connects to your computer and allows you to store you funds on the go. These wallets are great for storage, sending aContinue reading >>

How To Sign A Transaction Using The Bitcoin/litecoin Corewallet

What Wallet To Use For Litecoin Money

Diversify your digital assets: Brickblock is the most transparent and secure way to invest with cryptocurrencies. How to sign a transaction using the Bitcoin/Litecoin Corewallet If you contributed Bitcoin or Litecoin to our ICO, you will need to send us three pieces of information to claim your Brickblock Tokens (BBK). The Bitcoin or Litecoin address you used to contribute from The Ethereum address where you would like to receive your BBK A cryptographic signature proving you, as the owner of the Ethereum address, also own the Bitcoin or Litecoin address from which you contributed. This article provides step-by-step instructions for how to generate a signature using the Bitcoin/Litecoin Core wallet. For instructions on the other two requirements, please click here . Ill be signing a message proving I own the address 1EHos4MGuYafa9L1brSTmz2De1LzXKyff1. Substitute that for the address you used to contribute to the Brickblock ICO. Open the Bitcoin Core wallet, find File in the menu, and then Sign message Enter the Bitcoin address you sent from during the ICO, and your Ethereum pay-out address (the address where you will receive your Brickblock Tokens) Done! Now just copy this signature and send it to us via the token claim page (coming soon). Continue reading >>

The Complete Guide To Selecting Your Litecoin Wallet

Last updated on September 10th, 2017 at 10:36 pm Your Litecoin wallet will be perhaps the most important tool you have for securing and protecting your Litecoins and other digital currencies, so make sure you take some time to familiarize yourself with them! Like Bitcoins, Litecoins can be stored in a digital wallet. This wallet will track the total value of your Litecoins and allow you to conduct various transactions. It might be easier to think of your ewallet as a sort of email system, except instead of sending and receiving messages, you can send and receive Litecoins and money. You can also track your history of exchanges and monitor your financial transactions. Webwallets You store your Litecoins on someone elses sever. Desktop / mobile wallets You store your Litecoins on your device (e.g. your laptop). Each type of wallet has its pros and cons. Webwallets are risker since someone can hack the companies servers and steal your coins, but on the other hand you can use them from anywhere in the world. Offline wallets are considered safer since someone will need physical access to your computer to steal them, but you will also be able to send Litecoins only from that specific device. Some wallets are completely free, while other wallets charge fees for various transactions. Make sure you read any fine print when choosing a wallet and pay close attention to any fees, as they can add up very quickly. There are several Litecoin wallets currently available, so we will go over some of the most popular options. Unlike Bitcoin there arent many options for Litecoin wallets, so I tried choosing the top 3 for you to cosider. Hardware wallets These wallets are a small piece of hardware that connects to your computer via a USB portal. They allow you to send and receive BitcoinsContinue reading >>

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What Wallet To Use For Litecoin Visa

What

Litecoin Core Wallet - How To Use It? : Litecoin

I have hopped on the LTC bandwagon today by buying some LTC via AnyCoinDirect. While I'm waiting for the SEPA payment to go through, I'm playing around with the official wallet. 1) I have encrypted my wallet. Without encrypting it, would the .dat file be usable by anyone, who could get this file? Basically, by getting the .dat, they could steal the LTC's?2) I have exported the .dat file by backing it up. How do I import the file again?3) When sending LTC's, do I tick the 'subtract' fee from amount' option? What if I wouldn't when sending to Coinbase, for example?4) Anything else I need to know about the wallet?Continue reading >>

Top 9 Best Litecoin Wallets For Security And Easy Access

Cash

Top 9 Best Litecoin Wallets for Security and Easy Access Felix Kster December 13, 2017 10734 no comments Litecoin is the worlds first altcoin which was created in 2011 by Charlie Lee , and like Bitcoin , it is also an open-sourced P2P digital currency. But unlike the turbulent surges in other crypto-coins, Litecoin has remained consistently in the list of top 5 cryptocurrencies in the world by market cap, and it has also proved to be a relatively safe bet in comparison its peers. Fun fact:In the last six months, Litecoin has grown more than 2000%, and is still increasing steadily. Litecoin is a decentralized currency used globally and permits the users all over the world to make payments in an instant and immediate manner. It is operated on the technology of block chains and does not have any centralized authorities. Litecoin has an enhanced efficiency and provides security. It offers complete financial control to the users and allows quick transactions. These are the reasons why Litecoin has become more precious in recent days. Many investors are now looking for ways to securely store their Litecoins, so we thought of coming up with a list of reliable and safe Litecoin wallets. Your Litecoin wallet will be perhaps the most important tool you have for securing and protecting your Litecoins. Thats why its very important to make sure you take some time to familiarize yourself with them! A Litecoin wallet is a software program or an application that allows you to send, receive store your Litecoins (LTC) safely. There are different types of wallets available on the market. Some wallets focus on security while some are easy to use but compromise security. Some wallets allow you to check your transaction history instantly. On the other hand, some wallets need to be connectedContinue reading >>

Litecoin Core Desktop

In this guide, we will show you how to setup Litecoin Core Desktop Wallet. Litecoin supports the following platforms: Windows, MAC OS X, Linux, Android, iOS, and Blackberry. Lets begin by heading totheir official website Click the one that matches your operating system. If you have a 32-bit version of Windows, make sure you download that wallet. If you have a 64-bit version of Windows make sure you download that one. Once its downloaded, install it and run it. If windows firewall asks for permission,click > Allow access as its very important for the Litecoin connections. You will notice that the wallet will not function until its fully synchronized. Please wait a bit, it might take a while until its fully finished. After syncing,we need to Encrypt our wallet. To do that click > Settings then choose Encrypt wallet. Make sure you type a very strong password that will include, numbers, symbols, characters, uppercase and make sure its a very long password. Another notification window will pop up informing us that if we lose our passphrase we will lose all of our Litecoins. Please make sure you keep your passphrase somewhere safe. Another notification window will pop up. Once you have read it, Click > OK. Litecoin wallet will automatically shut down. Make sure you open it again. To backupthe wallet, click on File > Backup Wallet Make sure you save the file somewhere SAFE, I would recommend saving it on a USB. Each time you update your balance, dont forget to backup your wallet! Pay to: type the address of the person that you want to send coins to. Label: optional, but you can name it, to keep things organized. For example, if you want to send coins to your father, you will add label Father and it will be automatically saved in your address book as Father, and every time heContinue reading >>

What Wallet To Use For Bitcoin Reddit

Litecoin Wallet Guide 2018 Top 8 Ltc Wallets Today

All You Need to Know About Litecoin Wallets We might all be familiar with the hierarchy of precious metals; gold is the most superior, followed by silver, then bronze. More and more people are embracing cryptocurrencies by looking for investment opportunities in different types of cryptocurrencies; right from the superior ones to the fair ones, as well as the inferior ones. If Bitcoin is regarded as gold in the world of cryptocurrencies, then Litecoin can be likened to silver. Since its inception in 2011 by Charlie Lee (an ex-Google Employee), the Litecoin has tremendously grown in adoption. The peer-to-peer cryptocurrency was created to be the silver of Bitcoin. Litecoin is based on the same parameters as Bitcoin. The fast speed at which the Litecoin (2.5 Minutes) is processed per transaction is what sets it apart from Bitcoins (10 Minutes). Litecoin is stored in digital wallets. Just like we use different types of wallets to store our notes and coins in real life; there are different kinds of wallets used to store Litecoin. I want you to think of your Litecoin Wallet as your PayPal or Payoneer Account. With your PayPal or Payoneer Account, you can store, send or receive money to and from different people you transact business with respectively. If a wallet is where you store and manage your cash, then your Litecoin Wallet is basically where you store and manage your Litecoins, which is a peer-to-peer (where no middleman is involved in a transaction) cryptocurrency. There are several types of Litecoin Wallets which include; Desktop Litecoin Wallets, Website Litecoin Wallets, Hardware Litecoin Wallets, Paper Litecoin Wallets, and Exchange Litecoin Wallets. These Wallets are installed on desktop computers. They are available in two types which are Full Node Desktop WallContinue reading >>

Please Help With Litecoin Passphrase Issue

Please Help with Litecoin passphrase issue In September I finally got in to crypto and (stupidly) invested most of my money into litecoin and a little in bitcoin. I moved my coins to the litecoin qt wallet and for the passphrase I typed it into a word doc (saved on a cold USB) and copied it when entering the passphrase. I did this to avoid mistyping the passphrase given its 10 words long. Last week I decided to get a ledger nano to move my litecoin as I heard this is what I should do as I had 25 litecoin. however when I copy and paste the passphrase into litecoin qt to move the coins to my ledger it says incorrect passphrase. Ive tried everything from different passphrases to using caps on certain words but nothings helpjng. Im really panicking now, are my litecoins lost forever? Would appreciate any help, 75% of my money is in these 25 litecoin and I dont know what to do anymore? How many words are there in this passphrase? 12 or 24? Did the edited date match the creation of litecoin wallet? Ill need to check, when you say edited date are you referring to the word document? Also, thanks for your help really appreciate it. The typical seed phrase is 12 words. I dont really know much about Litecoin core client, but 12 word seed is pretty much standart across all wallets. Yes. I refer to the word document. Check it once again to see when it was last edited. I wish I could hug you. Please keep us updated on this. Ill be sending you prayers! Also By any chance, do you still have a wallet file? The one that was generated by the LTC client? Something like wallet.dat Dont cut and paste from a word processor, you may have invisible characters in the document. In some language, you can also have different ASCII codes. I have found that you may have some characters in the MS WorContinue reading >>

Litecoin Cryptocurrency: A Complete Guide For Absolute Beginners

Litecoin Cryptocurrency: A Complete Guide for Absolute Beginners By: Sudhir Khatwani In: Cryptocurrency Last Updated: The rush to collect cryptocurrencies continues well into 2017. If you are new to the crypto space, you might have heard of only Bitcoin . &lt;br /&gt; Can't load widget&lt;br /&gt; But there are hundreds of altcoins(or alternative cryptocurrencies) other than Bitcoin. Each altcoin comes up with its own unique technology and vision to change the world. One such cryptocurrency goes by the name of Litecoin. Fun fact: Litecoin prices surged more than 1000% in last one year. Litecoin is the worlds first altcoin. Like Bitcoin, Litecoin also exists on the internet as digital money. No one can feel, touch, or mint it. But there are still fundamental differences between both currencies. What Is Litecoin Cryptocurrency Used For? Litecoin is a cryptocurrency like Bitcoin, but it is based on an entirely different protocol. It was conceived to act like pure digital money. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is also open source, decentralized, and backed by cryptographic math to secure transactions. Litecoin was not made to compete against Bitcoin, but instead to act as a complimentary payment solution alternative. Think of Litecoin as the silver to Bitcoins gold. Litecoin was created on 7th Oct 2011 by Charlie Lee, an ex-Google employee. Litecoin was designed to complement Bitcoin by solving problems like concentrated mining pools and transaction timings. Charlie is very active on Twitter , and you can read his blog here . Litecoin came from Bitcoins core code with some modifications. Charlie Lee modified the code and protocol in the way he considered best in ordeContinue reading >>

Litecoin - Open Source P2p Digital Currency

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers). Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki . Up-to-date network statistics can be found at Litecoin Block Explorer Charts . Source code for Litecoin Core and related projects are available on GitHub . Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required tContinue reading >>

2. Understanding Wallets

When I first got into cryptocurrency, I lost a few hundred dollars worth of coins because I didnt understand what wallets or addresses were. I do not want this to happen to you, so lets take a moment to understand what Litecoin wallets are. If a wallet is where you keep your cash, then a Litecoin (LTC) wallet is where you keep and manage your Litecoins. To better understand this, I want you to think of your Litecoin wallet like you would your email account. With an email account, you can do various things with it like receive and send emails. A Litecoin(LTC) wallet is similar in that you can receive and send Litecoins through it as well. Your Litecoin wallet does 5 things specifically: It creates public keys derived from the private keys. It generates addresses from these public keys. It sends LTC by approving transactions. This happens by verifying transactions with a special signature created from your private key. It shares, or broadcasts, this information with the LTC blockchain network. If a Litecoin wallet is like a gmail account, then the LTC address is like an email address. Just like how you send you emails to other peoples email addresses, you send LTC to their LTC address. There are currently 2 types of Litecoin Addresses: These are segwit addresses which allow you to send LTC with lower fees. Some exchanges havent supported M-addresses yet. Therefore if you cant send to an M-address from an exchange, simply choose a legacy address. One more thing to note is that Litecoin and Bitcoin used to share the same 3-addresses for segwit. This caused confusion so LTC switched to M-addresses. Do not sent Litecoins to addresses that start with a 3. Above is a screen shot under the Send tab of an Electrum-LTC wallet. The Pay to section is where you enter the correct LTCContinue reading >>

Github - Pwkad/litecoin-core-wallet: A Web Wallet To Replace The Qt Litecoin / Bitcoin Core Wallet, Written With Aurelia

A web wallet to replace the Qt Litecoin / Bitcoin core wallet, written with Aurelia If nothing happens, download GitHub Desktop and try again. If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. If nothing happens, download the GitHub extension for Visual Studio and try again. Right now this project is a proof of concept to show off how the tech stack can look. This is not intended to be a final production ready product, just act as a proof of concept and spur discussion. The /client directory is home to an Aurelia CLI generated webpack / typescript application. A proxy adapter for the wallet to use to interact with the running node. $ cd proxy-adapter$ npm install$ npm start To actually have a node to run the wallet against you need to pull down the core litecoin project.This is not included in this repository and instructions for running a node on testnet can be found in that project MAKE SURE YOU ARE RUNNING THE NODE AGAINST TESTNET To run on testnet only add this to the litecoin.conf - Continue reading >>

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